Liberty Latin America’s Acquisition Of Telefonica’s Operations


Baker Botts L.L.P advised Liberty Latin America on the transaction, while Latham & Watkins LLP represented Telefónica.

Liberty Latin America Ltd (NASDAQ: LILA and LILAK, OTC Link: LILAB), a telecommunication company, has entered into a definitive agreement to acquire Telefónica S.A.’s wireless operations in Costa Rica, one of Costa Rica’s largest mobile service providers. The all-cash transaction values Telefónica Costa Rica at an enterprise value of $500 million on a cash- and debt-free basis.

Baker Botts team was led by Jonathan Gordon (Picture) and also included Nicole Perez, John Kaercher, Justin Blass, Carlos Marquez, Jon Lobb, Peter Farrell, Gail Stewart, Krisa Benskin, Robert Wann, Chad Davis, Paul Cuomo, David Cardwell, Rich Harper, Amy Pharr Hefley and Tom O’Brien.

Latham & Watkins LLP represented Telefónica in the transaction with a cross-border corporate deal team led by New York partner and Latin America Practice Global Chair Antonio del Pino and Madrid partner Ignacio Pallarés, with Madrid associate Francisco Lanusse and New York associate Alan Rozen. Advice was also provided on tax matters by Madrid partner Jordi Dominguez, with Madrid associate Blanca Vazquez de Castro; and on intellectual property matters by New York partner Jeff Tochner, with New York associate Meredith Ward.

Involved fees earner: Krisa Benskin – Baker Botts; Justin Blass – Baker Botts; David Cardwell – Baker Botts; Paul Cuomo – Baker Botts; Chad Davis – Baker Botts; Peter Farrell – Baker Botts; Jonathan Gordon – Baker Botts; Richard Harper – Baker Botts; Amy Pharr Hefley – Baker Botts; John Kaercher – Baker Botts; Jon Lobb – Baker Botts; Carlos Marquez – Baker Botts; Tom O’Brien – Baker Botts; Nicole Perez – Baker Botts; Gail Stewart – Baker Botts; Robert Wann Jr. – Baker Botts; Antonio Del Pino – Latham & Watkins; Jordi Dominguez – Latham & Watkins; Ignacio Pallares – Latham & Watkins; Alan Rozen Porteny – Latham & Watkins; Jeffrey Tochner – Latham & Watkins; Blanca Vazquez de Castro – Latham & Watkins; Meredith Ward – Latham & Watkins;

Law Firms: Baker Botts; Latham & Watkins;

Clients: Liberty Latin America Ltd; Telefonica;

Author: Ambrogio Visconti